QuickLogic Corporation Stock Forecast

High volatility in QuickLogic Corporation stock price on Wednesday which ended trading at $14.11
(Updated on May 01, 2024)

QUIK Signals & Forecast

There are mixed signals in the stock today. The QuickLogic Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $14.77. On a fall, the stock will find some support from the short-term average at $13.91. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -8.73%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for QuickLogic Corporation stock

QuickLogic Corporation finds support from accumulated volume at $14.03 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.65 between high and low, or 11.97%. For the last week, the stock has had daily average volatility of 9.81%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (QUIK) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect QuickLogic Corporation to open at $14.44, and during the day (based on 14 day Average True Range), to move between $13.18 and $15.04, which gives a possible trading interval of +/-$0.93 (+/-6.60%) up or down from last closing price. If QuickLogic Corporation takes out the full calculated possible swing range there will be an estimated 13.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $14.03 (0.57%) than the resistance at $15.37 (8.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is QuickLogic Corporation stock A Buy?

QuickLogic Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -2.812 Sell Candidate Downgraded

Predicted Opening Price for QuickLogic Corporation of Thursday, May 2, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.